According to IMARC Group’s latest report, titled “Onion Powder Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026”, offers a comprehensive analysis of the industry, which comprises insights on the onion powder market trends.
The global onion powder market is expected to grow at a CAGR of around 5% during 2021-2026. Onion powder is a spice produced from ground, dehydrated onions and is commonly used as a seasoning. It is prepared using toasted red and yellow onions seasoned with salt and spice mixes through freeze-drying, flow-drying, and vacuum-shelf drying processes. It is a rich source of umpteen vital nutrients, including carbohydrates, potassium, phosphorus, vitamins B-6 and C, manganese, calcium, fiber, protein, cholesterol, iron, folate, and magnesium. When compared to fresh onions, onion powder is less pungent in taste and has a longer shelf life. As a result, it is largely used in several food and non-food products, such as snacks, gravies, appetizers, seafood, sauces, salads, soups, and meat.
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Global Onion Powder Market Trends:
The increasing product demand for manufacturing ready-to-eat (RTE) food products, such as packaged soups, noodles, pasta, frozen food, sauces, oats, and instant mixes, represents one of the key factors providing a considerable thrust to the market growth. Moreover, the rising use of onion powder as seasonings, marinades, dry rubs, and condiments and the surging consumption of fast foods are accelerating the market growth. In line with this, key market players are introducing organic and preservative-free product variants to increase their consumer base, which is creating a positive outlook for the market. Besides this, the easy product availability in supermarkets, convenience stores, online retailers, and department stores and the escalating awareness regarding the health benefits of onion powder are positively supporting the market growth.
Onion Powder Market 2021-2026 Competitive Analysis and Segmentation:
Competitive Landscape With Key Players:
The competitive landscape of the onion powder market has been studied in the report with the detailed profiles of the key players operating in the market.
Key Market Segmentation:
The report has segmented the global onion powder market on the basis of product type, packaging type, distribution channel, end-user and region.
Breakup by Product Type:
- Conventional
- Organic
Breakup by Packaging Type:
- Pouches
- Cans
- Aseptic Cartons
- Others
Breakup by Distribution Channel:
- Speciality Stores
- Supermarkets/Hypermarkets
- Convenience Stores
- Online Retailers
- Others
Breakup by End User:
- Home Users
- Institutional Users
Breakup by Region:
- China
- India
- United States
- Japan
- South Korea
- Turkey
- Iran
- Pakistan
- Egypt
- Others
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Key highlights of the report:
- Market Performance (2015-2020)
- Market Outlook (2021- 2026)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
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